CAMPBELL, Calif.--()--AlienVault LLC - the leading global provider of Security Information and Event Management (SIEM) solutions - announced that it has secured $4M in Series A round financing from Adara Venture Partners with participation by Teldat Group and Neotec. The investment will fuel the company’s accelerated market expansion in the United States.
“After successfully growing the company for the past three years this support will help us solidify our market leadership. The benefits of association with such experienced investors have been immeasurable for the executive team.”
“We are very pleased to have secured this vote of confidence from the venture capital community,” said Julio Casal, CEO of AlienVault. “After successfully growing the company for the past three years this support will help us solidify our market leadership. The benefits of association with such experienced investors have been immeasurable for the executive team.” Since the founders originally wrote the Open Source SIM (OSSIM) in 2003 more than half of all SIEM installations worldwide have deployed the technology. Mr. Casal along with co-founder and CTO Dominique Karg created AlienVault to support the growing OSSIM user base and to provide enterprise-level commercial products based on technology.
“We see incredible potential in AlienVault,” said Alberto Gomez of Adara Venture Partners. “It is not often that you find a growing company that has established such a dominant market share so early and with such opportunity still lying ahead. We look forward to working with Julio and his team to realize the full possibility of AlienVault.”
Antonio García Marcos, President of Teldat observed, “AlienVault is a fantastic investment opportunity in a company with cutting edge technology in security at a worldwide level. We see this as a wonderful opportunity to share ideas for new products, improve processes and to advance the international presence of both organizations.” Mr. Casal added, “Teldat is without a doubt the best partner we could have on board to achieve our goals for internationalization and growth over the next several years.”
AlienVault LLC is the leading global provider of Security Information and Event Management solutions, providing the technology for more than half of all SIEM installations in the world. The creators of the Open Source SIM (OSSIM), the company provides the AlienVault Professional SIEM family of products through channels worldwide along with training and support services. For more information, visit www.alienvault.com
About Adara Venture Partners
Adara is a venture capital firm founded in 2003 which focuses activity in promoting the development of companies in the Information Technology sector. Adara primarily targets Spain and Portugal-based ventures - as well as ventures based elsewhere in Europe that are committed to developing significant operations in these markets - and has already recorded one successful exit, in a Germany-based venture.
TELDAT is a leading manufacturer of enterprise access equipment with more than 20 years in the market. Head of a group of companies active in voice/data integrated communications, security, energy efficiency, high capacity optical fiber equipment and professional audio, Teldat is headquartered in Madrid, Spain with branches in 20 countries.
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